Daily Practice · GCSE Business
April 2014 5-a-day
Every sheet in April 2014
The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.
- 1st April 2014State the length of the short-term right to reject faulty goods for a full refund.
- 2nd April 2014Define an import.
- 3rd April 2014Using the same order, if the pound then depreciates to 1 pound = 1.00 euro, calculate the new cost in pounds and state whether the importer is better or worse off.
- 4th April 2014Give one example of a 'Product' decision, other than its physical features.
- 5th April 2014State one reason a business selling in a highly price-sensitive, budget market might deliberately limit a product's aesthetics.
- 6th April 2014Define lead time.
- 7th April 2014List five criteria a business uses to choose a supplier.
- 8th April 2014State one risk specific to growth through a merger or takeover, other than cost.
- 9th April 2014Define adding value in a business context.
- 10th April 2014Identify which location factor matters most to a business that relies heavily on passing trade.
- 11th April 2014Give one example of a start-up cost for a new hairdressing salon.
- 12th April 2014On a break-even chart, what does the point where the total cost and total revenue lines cross represent?
- 13th April 2014A start-up needs 200,000 pounds to buy premises it will use for the next 20 years. Is this a short-term or a long-term finance need? Explain.
- 14th April 2014Explain one advantage to an employee of flexible working.
- 15th April 2014State one benefit of off-the-job training over on-the-job training.
- 16th April 2014Define a unique selling point (USP).
- 17th April 2014Define market share.
- 18th April 2014A pie chart shows a business's sales by region: North 20%, South 45%, East 15%, West 20%. Which region has the smallest share of sales?
- 19th April 2014A business has sales of 150,000 pounds in a market with total sales of 1,200,000 pounds. Calculate its market share.
- 20th April 2014Why might a business keep a 'dog' product in its portfolio, rather than withdrawing it immediately?
- 21st April 2014State the difference between quality control and quality assurance.
- 22nd April 2014Distinguish between internal and external failure costs.
- 23rd April 2014Explain the two ways a business can increase its profit.
- 24th April 2014Give one document that partners typically draw up when forming a partnership.
- 25th April 2014State the difference between invention and innovation.
- 26th April 2014Give one example of a current asset and one example of a current liability.
- 27th April 2014State the formula for gross profit.
- 28th April 2014Identify whether a business with 3 levels of hierarchy and wide spans of control is a tall or a flat structure.
- 29th April 2014State what job rotation means.
- 30th April 2014Give one example of technology used in human resources.